Mr. Dale becomes
the only American member of the Mediterranean principality's Administration,
except for the Rev. Francis Tucker, the Prince's Roman Catholic chaplain...

NEW YORK TIMES:March
4, 1961

"RIVIERA BOASTS
FACTORIES NOW, ALONG WITH BIKINIS AND ROULETTE"

French Playground
Attracts Light Industries, Many With Ties in U.S.

....The Riviera has more to offer American business than a
balmy climate, agreeable living conditions and low wages. It has a convenient
profit sanctuary – tax-free Monaco.

Aware of this
attraction and anxious to make of Monaco something more than a seasonal tourist
resort, Prince Rainier appointed a young, Princeton-educated Department of
State consul, Martin Dale, of Jersey City, N.J., as his financial adviser.

His task is to
persuade American companies to establish sales and management headquarters and
small plants in Monaco.

"Between
twenty and twenty-five major American companies will open offices and factories
in the principality in the next three years," Mr. Dale predicts...

NEWSWEEK: April 3,
1961

page 66 BUSINESS AND
FINANCE

"FOREIGN TRADE:
MONACOMPANIES"

.....Last September the Prince, who first showed a
partiality for Americans by marrying Philadelphia's beautiful Grace Kelly,
hired a Yankee to head up a diversification and development program. He's
Martin A. Dale, a slim, 29-year-old Phi Beta Kappa from Princeton who was the
youngest consul in the U.S. Foreign Service when he quite to accept Rainier's
offer.

In his office in
the pink palace overlooking Monaco Harbor, the sandy-haired native of Newark,
N.J., outlined his aims. "Our goal," said Dale, "is to attract
the management and sales headquarters of 30 to 50 leading international
corporations within the next three years."

.....Most important, says Dale, are jobs for bright, young
Monegasques in the new international managerial class. And, he adds: "With
periodic meetings of boards of directors, corporate executives would become
sort of supplemental tourists, though some of them, of course, would be living
here permanently."

How successful is
the program?

In the last two
weeks alone, Dale says, three American, one British, and one Swiss company have
agreed to open offices in Monaco. Among them: Timex, subsidiary of U.S. Time.
However, another 27 applicants were rejected "because they were family
operations, which often are difficult to keep tabs on, or because they were not
sufficiently reputable outfits."

"Monaco
doesn't intend to set itself up as just another tax haven," says Dale.
"We can, and will, control this program to a degree no other country has
been willing to exert."

THE SATURDAY EVENING
POST: July 14-July 21, 1962

"TEMPEST IN A
RIVIERA TEAPOT"

page 34....Program
Lures U.S. Companies

The program went
into high gear in 1961 under the direction of a trim young American, Martin
Dale, former U.S. vice consul in Nice. The prince named Dale as his private
financial adviser with an office in the palace. Together Dale and Rainier
organized the Monaco Economic Development Corporation, to bring new businesses
with high standards into Monaco. In 1961 Dale approved forty-six firms which
had been enticed by his brochure, Monaco
Can Help Your Company.

From the U.S.,
for instance, came Rust Craft greeting cards, ALCO, which manufactures zippers,
Allied Chemical, and Joy Manufacturing. On their way in when the crisis
exploded were a New York bank and Chris-Craft boats.

....."We understand that the French irritated over the
success of MEDEC."

[Prince Rainier:]
"Yes, that's why we ended it a month sooner than we had planned. Yet,
strangely enough, when De Gaulle was here in 1960, he asked me about Martin
Dale, and he complimented me on our technical advances."

"Then why
has he reversed his field?"

"The French
delegation told my delegation that we were extracting ourselves from French
influence."

"And being
influenced by Americans instead?"

Rainier agreed.
"If Martin Dale had been a Frenchman, it would probably have been all
right. The French say it's in violation of our treaty to hire an American in a
government position. But the treaty covers civil servants, which Dale is not.
He is a member of my household. If I want a doctor who is a Turk, or an
economic adviser who is an Israeli, this is my personal home, and I have a
right to decide for myself.

"When the
crisis arose, Dale offered his resignation. I said, 'I won't accept it.' But I
did suggest that he take his vacation then. 'Your physical absence,' I told
him, 'would be a good thing.'"....

(In naming Mrs. Joan Dale her Lady-in-Waiting, Grace throws
out a real challenge to the adversaries of her husband. Mrs. Dale is the wife
of the American [Privy] Counselor for whom France is demanding a rapid departure.)

(...In place of Madam Tivey-Faucon, she [Princess Grace] has
named Mrs. Dale as Lady-in-Waiting. Mrs. Joan Dale is the wife of the American
Privy Counselor of Prince Rainier, his 'grey cardinal', they say, and the man
who will push him to oppose the decisions of the French government... During
the course of his three-week vacation in a chalet at Schonried, near Gstaad,
Rainier has worked night and day to prepare his counter-offensive...)

Excerpt from the book, "ANOTHER WAY OF LIVING" by
John Bainbridge

page 178....."A few minutes later, a footman came to
the reception room, and escorted me across the cobbled courtyard to the small
private suite in the west wing of the Palace, where the Prince and Princess
live with their family.

I was met at the
door by an American woman named Mrs. Dale (her husband, I learned later, is
employed by the Prince in a business capacity), who said that the Princess
would arrive directly, and showed me into the sitting room, which is
modest-sized, comfortably but not ostentatiously furnished, and artfully
cluttered with framed family pictures and assorted ornaments and knickknacks.
Among the conventional chairs and lounges I noticed a quaint antique
blue-and-gilt love seat built for three. 'The French call that an indiscret,' Mrs. Dale said...

This is a sample of the chapter, "Days of Crisis", a detailed eyewitness account of what really happened during the 1962 crisis between Monaco and France, when Grace Kelly was to return to Hollywood at a time when Prince Rainier almost lost his crown and country. Joan Dale was Princess Grace's closest friend in Monaco, and Martin Dale (a former U.S. Diplomat) was Prince Rainier's closest advisor at that time – many of the incidents involved in the crisis revolved around them.